Lowe's
Lowe's Companies, Inc. (/loʊz/) is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.
| Company type | Public |
|---|---|
| ISIN | US5486611073 |
| Industry | Retail |
| Predecessor | Mr. L.S. Lowe's North Wilkesboro Hardware |
| Founded | March 25, 1921 in North Wilkesboro, North Carolina, United States |
| Founders |
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| Headquarters | Mooresville, North Carolina, |
Number of locations | 2,181 with subsidiaries (as of October 2022) |
Areas served | |
Key people | Marvin R. Ellison (President, Chairman, & CEO) Brandon Sink (EVP & CFO) |
| Products | Home appliances, tools, hardware, builders hardware, lumber, building materials, paint, plumbing, flooring, garden supplies, plants, housewares, furniture, home decor, bedding, and curtains |
| Revenue | US$97.059 billion (2022) |
| US$10.159 billion (2022) | |
| US$6.437 billion (2022) | |
| Total assets | US$43.708 billion (2022) |
| Total equity | US$(14.254) billion (2022) |
Number of employees | 300,000 (2022) |
| Subsidiaries |
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| Website | lowes |
| Footnotes / references | |
Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by The Home Depot in 1989) behind rival The Home Depot and ahead of Menards. It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI.
The company previously operated in Australia through the Masters Home Improvement joint venture until 2016, in Mexico until 2019, and in Canada until selling its operations (which will be consolidated under the Rona brand) to Sycamore Partners in 2023.